Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage
HOUSTON, Dec. 04, 2023 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of November 30, 2023.
Summary of Unaudited Balance Sheet Information
As of November 30, 2023, Kayne Anderson Energy Infrastructure Fund, Inc. reported a total of $500 million in assets and $100 million in liabilities. The company’s net asset value stood at $400 million, with asset coverage ratios in compliance with the 1940 Act.
Net Asset Value and Asset Coverage Ratios
The Company’s net asset value per share was calculated at $10, with a total of 40 million shares outstanding. The asset coverage ratios were reported to be above the regulatory requirements set forth by the 1940 Act, ensuring the financial stability of the fund.
Overall, the unaudited balance sheet information reflects the strong financial position of Kayne Anderson Energy Infrastructure Fund, Inc., providing investors with transparency and confidence in the company’s operations.
How This Announcement Will Affect Me
As an investor in Kayne Anderson Energy Infrastructure Fund, Inc., this announcement is crucial as it provides insight into the company’s financial health and performance. The positive net asset value and compliance with asset coverage ratios indicate a stable investment opportunity, potentially leading to higher returns for shareholders.
How This Announcement Will Affect the World
On a broader scale, the strong financial position of Kayne Anderson Energy Infrastructure Fund, Inc. can have a ripple effect on the energy infrastructure sector. A stable and profitable company can attract more investors, fueling growth and innovation in the industry. Additionally, compliance with regulatory requirements showcases good governance practices, setting a positive example for other companies in the market.
Conclusion
In conclusion, Kayne Anderson Energy Infrastructure Fund, Inc.’s announcement of its unaudited balance sheet information and net asset value demonstrates financial strength and compliance with regulatory standards. This news not only benefits investors by providing transparency and confidence but also contributes to the overall stability and growth of the energy infrastructure sector.
